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Ideal Power cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$2.4M in Q2 2026 · −$9.4M over twelve months

Operating cash flow−$2.4M
Capital spending−$10K
Free cash flow−$2.4M
Cash conversion cycle-11959 days

Analysis

In Q2 2026, Ideal Power generated −$2.4M of operating cash flow and spent $10K on capital projects, leaving free cash flow of −$2.4M. That is $60K less than in Q2 2025 (−$2.4M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$9.2M; the largest uses were operating cash flow ($9.2M), other investing ($363K), taxes on employees’ shares ($294K); besides operations, cash came from shares issued ($40.3M), other financing ($267); the cash balance rose by $30.2M.

Operating cash flow was −$2.4M against net income of −$3.4M. The largest differences: stock-based pay +$644K, payables −$320K, accrued liabilities +$270K.

Its cash conversion cycle was -11959 days (receivables 422 + inventory 1181 − payables 13562): suppliers fund its working capital.

Free cash flow

Ideal Power: free cash flow by quarterIdeal Power: free cash flow by quarter−$2.4MQ3 2024−$2.6MQ4 2024−$2.1MQ1 2025−$2.4MQ2 2025−$2.6MQ3 2025−$2.2MQ4 2025−$2.2MQ1 2026−$2.4MQ2 2026
Operating cash flow less capital spending.
Ideal Power: operating cash flow against capital spendingIdeal Power: operating cash flow against capital spendingOperating cash flowCapital spending−$2.2M$129KQ3 2024−$2.5M$4KQ4 2024−$2.1M$11KQ1 2025−$2.4M$30KQ2 2025−$2.5M$70KQ3 2025−$2.2M$8KQ4 2025−$2.0M$142KQ1 2026−$2.4M$10KQ2 2026
Latest (Q2 2026): Operating cash flow −$2.4M, Capital spending $10K.

Capital allocation, year by year

Ideal Power: where the cash came from (up) and went (down), by fiscal yearIdeal Power: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingFY2021: Operating cash flow −$4.3MFY2021: Shares issued $21.2MFY2021: Capital spending −$44K$21.2MFY2021FY2022: Operating cash flow −$6.4MFY2022: Capital spending −$183KFY2022FY2023: Operating cash flow −$7.1MFY2023: Capital spending −$241KFY2023FY2024: Operating cash flow −$8.7MFY2024: Shares issued $16.8MFY2024: Capital spending −$197K$16.8MFY2024FY2025: Operating cash flow −$9.1MFY2025: Shares issued $110FY2025: Capital spending −$119K$110FY2025
Over these 5 years operating cash flow totalled −$35.7M; the largest uses were operating cash flow ($35.7M) and capital spending ($784K). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$41.3M
Debtnone
Net cash$41.3M
Cash runway4.4 years

Ideal Power is burning cash: its operations consume cash, a free cash flow of −$9.4M a year at the current rate against $41.3M of cash and investments: a runway of about 4.4 years before any new financing.

Where the cash came from and went

Ideal Power: sources (+) and uses (−) of cash, Q2 2026Ideal Power: sources (+) and uses (−) of cash, Q2 2026Shares issued$27.7MCash drawn (+) / kept (−)−$24.9MOperating cash flow−$2.4MTaxes on employees’ shares−$253KOther investing−$100KCapital spending−$10KOther financing$267
Ideal Power: sources (+) and uses (−) of cash, TTM to Q2 2026Ideal Power: sources (+) and uses (−) of cash, TTM to Q2 2026Shares issued$40.3MCash drawn (+) / kept (−)−$30.2MOperating cash flow−$9.2MOther investing−$363KTaxes on employees’ shares−$294KCapital spending−$230KOther financing$267

From profit to cash

Ideal Power: net income to operating cash flow, Q2 2026Ideal Power: net income to operating cash flow, Q2 2026Net income−$3.4MDepreciation & amortization$100KStock-based pay$644KReceivables−$6KInventory−$21KPayables−$320KAccrued liabilities$270KPrepaid and other assets$92KOperating cash flow−$2.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 2026422118113562-11959
Q3 202575251674-348
Q2 202559621824036-1258
Q1 202535271379-73
Q4 20241712151399-166
Q3 202422142569337-4860

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$2.4M−$10K$27.7M−$24.9M−$2.4M
Q1 2026−$2.0M−$142K$12.6M−$10.3M−$2.2M
Q4 2025−$2.2M−$8K—$2.3M−$2.2M
Q3 2025−$2.5M−$70K—$2.7M−$2.6M
Q2 2025−$2.4M−$30K$110$2.6M−$2.4M
Q1 2025−$2.1M−$11K—$2.1M−$2.1M
Q4 2024−$2.5M−$4K$15K$2.8M−$2.6M
Q3 2024−$2.2M−$129K$1.0M$1.4M−$2.4M

Ideal Power: income statement and cash flow

Ideal Power, Q2 2026: revenue $6K (+355% year over year). The chart follows the revenue to costs, profit and cash.

Ideal Power: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.